EOS slips by 31% over seven days; acts as feast for the hungry bears

EOS, the sixth largest coin on CoinMarketCap list slipped by 10% on December 4 and ever since has been on a downward spiral. The coin was enjoying last week along with the other major currencies on the green pastures but has now been subjected to the wrath of the bear.

Source: CoinMarketCap

According to CoinMarketCap, the coin plunged by 31.16% over the last one week, at the time of press. EOS was trading at $2.38 with a market cap of $2 billion. The coin registered a 24-hour trade volume of $840 million.

However, the coin saw a 0.01% growth in the past hour, at the time of press.

According to the maximum registered trade volume, DOBI trade reported the highest 24-hour trade volume of $110 million with EOS/BTC pair. The second place is occupied by OKEx with a trading volume of $77 million with EOS/USDT pair, at the time of press.

DOBI trade and OKEx are followed by DigiFine which reportedly registered 24-hour trade volume of $49 million with EOS/USDT pair.

A few days earlier Daniel Larimer, the creator of Bitshares, sent a message that disturbed the EOS community. In his message, Larmier informed his followers that he will not be abandoning EOS and Block.one, but he discovered a project that according to him is a potential crypto token.

EOS also made new when EOSBet acquired accreditation from Curacao, one of the world’s oldest online gambling regulators. EOS manager Frej said:

“We’ve worked relentlessly to make this license succeed and we will continue to strive to be the standard for smart casinos”.